Madhya Bharat Agro Products Limited — Investor Meet, 16-01-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Madhya Bharat Agro Products reported Q3 FY26 revenue of ₹612.4 Cr (+115.9% YoY) and PAT of ₹31.8 Cr (+77.7% YoY), with nine-month financials also showing strong growth. Management noted Q3 EBITDA margins were temporarily affected by higher-volume imports carrying lower margins, though absolute EBITDA increased. The company is expanding capacity with its Dhule plant expected to commission by October 2026 and the Banda/Sagar expansion in Q1 FY27. Demand for complex fertilizers remains very positive, bolstered by government support. Management is confident in maintaining 13-14% EBITDA on its own production and anticipates over 50% revenue growth in FY27 from new capacities.